In today’s society, it is apparent that without a Bachelors
degree, finding any job that allows one to be self-sufficient is growing
slimmer. Thus the government acts as a middleman between most lower class
citizens and for-profit colleges by offering up millions in aid dollars for
them to pursue a degree. The reality is that the government aid is dropping
people into enormous debt, which actually benefits for-profit colleges because
nearly all of their revenue comes from government loans. This paper is
motivated by the close relation that government and for-profits have in
providing a new wave of enslavement, college debt. It clarifies the business model
of for-profits and investigates the efforts done by legislators to undue any
regulation on these colleges. There is a recurring sense that the government is
working with for-profits to exploit the lower class to rid them of the
political and economical power.
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